Sysco 2007 Annual Report Download - page 63

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SYSCO
CONSOLIDATED BALANCE SHEETS
(In thousands except for share data) June 30, 2007 July 1, 2006
ASSETS
Current assets
Cash___________________________________________________________________________ $ 207,872 $ 201,897
Accounts and notes receivable, less allowances of $31,841 and $29,100 ________________ 2,610,885 2,483,720
Inventories _____________________________________________________________________ 1,714,187 1,608,233
Prepaid expenses and other current assets _________________________________________ 123,284 59,154
Prepaid income taxes ____________________________________________________________ 19,318 46,690
Total current assets _________________________________________________________ 4,675,546 4,399,694
Plant and equipment at cost, less depreciation __________________________________________ 2,721,233 2,464,900
Other assets
Goodwill _______________________________________________________________________ 1,355,313 1,302,591
Intangibles, less amortization _____________________________________________________ 91,366 95,651
Restricted cash _________________________________________________________________ 101,929 102,274
Prepaid pension cost_____________________________________________________________ 352,390 388,650
Other __________________________________________________________________________ 221,154 238,265
Total other assets ___________________________________________________________ 2,122,152 2,127,431
Total assets ________________________________________________________________________ $9,518,931 $8,992,025
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Notes payable __________________________________________________________________ $ 18,900 $ 29,300
Accounts payable ________________________________________________________________ 1,981,190 1,891,357
Accrued expenses _______________________________________________________________ 922,582 745,781
Deferred taxes __________________________________________________________________ 488,849 453,700
Current maturities of long-term debt ______________________________________________ 3,568 106,265
Total current liabilities _______________________________________________________ 3,415,089 3,226,403
Other liabilities
Long-term debt _________________________________________________________________ 1,758,227 1,627,127
Deferred taxes __________________________________________________________________ 626,695 723,349
Other long-term liabilities ________________________________________________________ 440,520 362,862
Total other liabilities _________________________________________________________ 2,825,442 2,713,338
Commitments and contingencies
Shareholders’ equity
Preferred stock, par value $1 per share
Authorized 1,500,000 shares, issued none _______________________________________ ——
Common stock, par value $1 per share
Authorized 2,000,000,000 shares; issued 765,174,900 shares _______________________ 765,175 765,175
Paid-in capital __________________________________________________________________ 637,154 525,684
Retained earnings _______________________________________________________________ 5,544,078 4,999,440
Accumulated other comprehensive (loss) income ____________________________________ (4,061) 84,618
6,942,346 6,374,917
Less cost of treasury stock, 153,334,523 and 146,279,320 shares _______________________ 3,663,946 3,322,633
Total shareholders’ equity ____________________________________________________ 3,278,400 3,052,284
Total liabilities and shareholders’ equity________________________________________________ $9,518,931 $8,992,025
See Notes to Consolidated Financial Statements
SYSCO Corporation ][ page 37